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Ref: AG19MLSC9605388
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Ground Floor Bungalow with Renovated Basement – Move-In Ready Looking for a peaceful home with extra space and all the comforts? This ground floor bungalow might be just what you need. Key features: 2 bedrooms (one in the renovated basement) 2 full bathrooms (one on each level) Spacious living-dining area and functional kitchen Air conditioning Cozy private patio, ideal for relaxing or enjoying a barbecue Communal pool The renovated basement offers a separate area with bedroom, bathroom and living room – perfect for guests, teenagers or as an additional living space. Located in a quiet area, close to all amenities and within walking distance to La Mata beach. A great opportunity for both year-round living and holiday getaways. Legal costs and VAT not included in the price.
Property Features
- 2 bedrooms
- 1 bathroom
- 46m² Build size
- Swimming Pool
- Veranda
- Near bus route
- Heating, Central
- Pool, Communal
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
15,950€
Final Payment of 90% on completion
170,550€
Property Purchase Expenses
Property price
189,500€
Transfer tax 8%
15,160€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.